Our website uses cookies and other technologies so that we can remember you and understand how you and other visitors use our website. By continuing to browse this Site, you are agreeing to our use of cookies. Click here for more information on our Cookie Policy, including how you may control the information we collect about you through cookies.Read MoreAccept

India Report Variance in Construction Costs - Then and Now September 2018

India's real estate activity has continued to grow exponentially, thanks to expanding urban limits, relaxation of regulatory bottlenecks and inflow of foreign investments

However, the continued increase in input costs has posed issues for the industry, with soaring prices of cement and steel being largely responsible for pushing up construction costs

Construction costs also vary geographically, with Mumbai being the most expensive in the country and Hyderabad the least expensive

GST implementation has led to an about 1% decline in taxation on construction (assuming that construction works components under both warm shell packages and interior works account for an equal share in the costs)

The construction industry is likely to enter the next stage of the growth curve in the near future, owing to the technological revolution that is currently underway